What is Global Fish-free Omega-3 Ingredients Market?
The Global Fish-free Omega-3 Ingredients Market is a rapidly growing sector that focuses on providing Omega-3 nutrients without the use of fish. These ingredients are derived from plant-based sources, making them a perfect fit for those following a vegan or vegetarian diet. The market is gaining traction due to the increasing awareness of the health benefits associated with Omega-3 fatty acids and the rising trend of plant-based diets. As of 2023, the market was valued at US$ 504 million and is projected to reach US$ 736.1 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% from 2024 to 2030. This growth is driven by the increasing demand for sustainable and animal-friendly products.
Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA) in the Global Fish-free Omega-3 Ingredients Market:
Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), and Docosahexaenoic Acid (DHA) are the three main types of Omega-3 fatty acids that are found in the Global Fish-free Omega-3 Ingredients Market. ALA is primarily found in plant oils such as flaxseed, soybean, and canola oils. EPA and DHA are found in algae, which is a primary food source for fish. These Omega-3 fatty acids are essential for human health, but the body can't make them. Therefore, they must be obtained through diet or supplements. ALA is used by the body for energy, and to make other Omega-3 fats. EPA and DHA are crucial for heart health, brain function, and reducing inflammation. The increasing awareness of these health benefits is driving the demand for Fish-free Omega-3 Ingredients.
Food Industry, Beverage Industry, Dietary Supplements, Infant Formulas, Pharmaceuticals, Animal Feed in the Global Fish-free Omega-3 Ingredients Market:
The Global Fish-free Omega-3 Ingredients Market finds its application in various sectors such as the Food Industry, Beverage Industry, Dietary Supplements, Infant Formulas, Pharmaceuticals, and Animal Feed. In the Food Industry, these ingredients are used to fortify foods with Omega-3 fatty acids. In the Beverage Industry, they are added to drinks to enhance their nutritional profile. Dietary Supplements use these ingredients to provide a concentrated dose of Omega-3 fatty acids. Infant Formulas incorporate these ingredients to support the development of the infant's brain and eyes. In Pharmaceuticals, they are used to treat conditions related to heart health. Lastly, in Animal Feed, they are used to improve the nutritional content of the feed.
Global Fish-free Omega-3 Ingredients Market Outlook:
The future of the Global Fish-free Omega-3 Ingredients Market looks promising. The market, which was valued at US$ 504 million in 2023, is expected to grow to US$ 736.1 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period of 2024 to 2030. This growth can be attributed to the increasing popularity of plant-based diets and the growing awareness of the health benefits of Omega-3 fatty acids. These fish-free ingredients provide an excellent source of Omega-3 for those following a plant-based diet.
| Report Metric | Details |
| Report Name | Fish-free Omega-3 Ingredients Market |
| Accounted market size in 2023 | US$ 504 million |
| Forecasted market size in 2030 | US$ 736.1 million |
| CAGR | 5.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Rieber Oils AS, Lonza |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
